Director dealing

Proton Motor Power Systems PLC

23 April 2024

 

23 April 2024

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Director dealing

Proton Motor Power Systems plc (AIM: PPS), the designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems with a zero-carbon footprint, announces that Helmut Gierse, Non-Executive Chair of the Company, was informed on 12 April 2024 by his broker that on 9 April 2024 550,000 ordinary shares of 0.5 pence each in the capital of the Company ("Ordinary Shares") held by Mr Gierse were sold at an average price of 3.1 pence per Ordinary Share, in order to fund income tax and other liabilities resulting from the receipt of Ordinary Shares, as announced by the Company on 8 March 2024.

Following the sale, Helmut Gierse's beneficial interest in the share capital of the Company is 10,115,005 Ordinary Shares, equivalent to approximately 0.61% per cent. of the Company's issued share capital.

For further information:

Proton Motor Power Systems Plc
Dr Faiz Nahab, CEO
Roman Kotlarzewski, CFO	[phone]
	www.protonpowersystems.com
Allenby Capital Limited
Nominated Adviser & Broker	[phone]
James Reeve / Vivek Bhardwaj
Celicourt Communications
PR Adviser	[phone] / [e-mail]
Mark Antelme / Philip Dennis

About Proton Motor

Proton Motor has 25 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint. Based in Puchheim near Munich, Proton Motor develops and produces standard Products as well as customised solutions.  The focus of Proton Motor is on stationary solutions, as well as mobile, marine and rail applications.  The product portfolio consists of base-fuel cell systems, standard complete, as well as customised systems.

Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Helmut Gierse
2.	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Proton Motor Power Systems Plc
b)	LEI	213800TRXTSRGG8J2P59
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of GBP 0.005 each in Proton Motor Power Systems Plc
	Identification code	ISIN: GB00BP83GZ24
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 3.1 pence 550,000
d)	Aggregated information:
	-  Aggregated volume	550,000
	-  Price	3.1p
e)	Date of the transaction	9 April 2024
f)	Place of the transaction	London Stock Exchange (AIM)

 

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